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Treasury yields muted ahead of nonfarm payrolls

“U.S. government debt prices were lower on Friday morning as investors waited for fresh nonfarm payrolls” writes Silvia Amaro for cnbc.com. The yield on the benchmark 10-year Treasury note was seen trading higher at 2.8791 percent at around 2.50 a.m.ET, while the yield on the 30-year Treasury bond was in the black, trading at 3.1434 percent. Bond yields move inversely to prices. Source: cnbc.com Share This:

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Dollar struggles on Fed pause talk ahead of jobs data

“The benchmark U.S. 10-year Treasury yield was last at 2.896 percent after dipping overnight to its lowest level since late August” writes unknown author for cnbc.com. The dollar index, which measures the greenback against a basket of six major peers, was virtually flat at 96.802.The spread between the two-year and five-year U.S. Treasury yields inverted this week and the two-year/10-year spread was at its tightest in more than a decade amid a sharp fall in long-term rates.”The dollar funding over the calendar year-end hasn’t really been as aggressive as we’ve…

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Gold prices steady ahead of US nonfarm payroll data

“Gold prices were steady in early Asian trade on Friday, after rising about 1.5 percent in the previous session, while the dollar inched up ahead of the U.S. payrolls data due later in the day” reports cnbc.com. Sales of gold and silver products by the Perth Mint fell in October, the mint said on Thursday.Spot gold was steady at $1,232.72 per ounce, as of 0116 GMT. Prices climbed to their highest since Oct. 26 at $1,237.39 per ounce on Thursday after falling for three days in a row.Trump increased economic…

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Economy Adds 157,000 Jobs in July, Unemployment Rate at 3.9%

“Payroll growth turned sluggish in July after two robust months, though the unemployment rate edged lower and the overall jobs picture continued to look solid, according to Labor Department numbers released Friday” writes Jeff Cox for cnbc.com. Total nonfarm payrolls increased by 157,000 for the month, below the 190,000 expected in a Reuters survey of economists and the lowest gain since March. Source: cnbc.com Share This:

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US adds 213,000 jobs in June, better than expected, but wage growth is light

“The employment part of the economy continued to power forward in June, adding another 213,000 jobs though the unemployment rate rose to 4 percent, according to a government report Friday” writes Jeff Cox for cnbc.com. A more encompassing measure of unemployment that includes discouraged workers and those at part-time jobs for economic reasons also rose two-tenths, to 7.8 percent.Along with the rise in overall unemployment, the rate for blacks, which had been at a record low 5.9 percent, jumped to 6.5 percent.Professional and business services led the way with 50,000…

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